Ethan Allen Increases Regular Quarterly Dividend by 10%
April 26 2022 - 4:15PM
Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”)
(NYSE:ETD) announced today that its Board of Directors has declared
and increased the regular quarterly cash dividend to $0.32 per
share, payable on May 25, 2022, to shareholders of record at the
close of business on May 10, 2022.
Farooq Kathwari, Ethan Allen’s Chairman,
President and CEO commented, “We are pleased to increase our
regular quarterly dividend by 10% to $0.32 per share. The Board’s
decision today highlights our strong balance sheet allowing for
these returns to shareholders. We believe we are well-positioned
due to our relevant offerings, strong retail network, the personal
service of our interior design professionals combined with
technology, our unique vertical integration structure whereby about
75% of our products are made in our North American manufacturing
workshops and strong national logistics with our retail home
delivery centers delivering product with white glove service to our
clients’ home.”
As previously announced on April 12, 2022, the
Company will release its fiscal 2022 third quarter financial
results on April 28, 2022.
ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETD) is a
leading interior design company, manufacturer and retailer in the
home furnishings marketplace. The Company is a global luxury home
fashion brand that is vertically integrated from product design
through home delivery, which offers its customers stylish product
offerings, artisanal quality, and personalized service. The Company
provides complimentary interior design service to its clients and
sells a full range of home furnishings through a retail network of
design centers located throughout the United States and abroad as
well as online at ethanallen.com. Ethan Allen owns and operates ten
manufacturing facilities located in the United States, Mexico and
Honduras, including one sawmill, one rough mill and a lumberyard.
Approximately 75% of its products are manufactured or assembled in
these North American facilities.
For more information on Ethan Allen's products
and services, visit www.ethanallen.com.
Investor / Media Contact: Matt McNulty Senior Vice
President, Chief Financial Officer and Treasurer
IR@ethanallen.com
Ethan Allen Interiors (NYSE:ETD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ethan Allen Interiors (NYSE:ETD)
Historical Stock Chart
From Jul 2023 to Jul 2024